Didn't know that EliteTrader forum is full of funny guys
Trading For Living - S&P 500 Market.
- Thread starter Trading4Living
- Start date
Didn't know that EliteTrader forum is full of funny guys
The Advance-Decline I use is specifically the Advance-Decline Issues, not
the Advance-Decline Volume or any other name. It's a chart in 5 mins time interval.
Thanks, Will check it out.
Making a living on 2 handles, do you live in a box or trade 50 cars?
Hey, if you can get 2 points a trade consistently with a minimum of drawdowns or "operator error" (ie being greedy or poor money management) that'd be fine for me as a daily intake provided I have no extraneous debts hanging over my head or am frivilous with my personal budgeting and spending habits.
I wouldn't need to trade 50 contracts at a time to make decent money off a consistent 2 points on the ES.....come to think of it, I'm not sure I'd want to trade that many!
Think about it -- commissions aside, 8 contracts = $800/trade which isn't bad if you can do it regularly. If you trade 10-lots, that's $1000/day. And so on.
Bottom line is that as long as whatever she's doing is consistent, properly managed, and works acceptably for her and provides her the desired profits in a manner she can trade well and sleep soundly at night afterwards, I say GO FOR IT!
Of course, the trick is to ensure you don't blow the winning trade by consistently making bad ones.
Stop loss is 6 points I like to give the market a room to breathe and it's working fine for me since losers are like 1 loser every 2 months.. so consistency is the key here
In normal days I trade to win 2 points, since it's consistent I am happy. Now it's a number of increasing contracts..
On the other hand, if you checked the screen shots I capture big moves 1 or 2 times a month and earn about 10-20 pts in a single trade.
Anyway, as rickf mentioned it's about consistency.
You know how easy it is to make 5 or 7 points and lose them the other day.
In normal days I trade to win 2 points, since it's consistent I am happy. Now it's a number of increasing contracts..
On the other hand, if you checked the screen shots I capture big moves 1 or 2 times a month and earn about 10-20 pts in a single trade.
Anyway, as rickf mentioned it's about consistency.
You know how easy it is to make 5 or 7 points and lose them the other day.
Hey Trading4Living,
I admire your patience and performance. 2 to 3 days between trades? LOL, I can typically go 2 to 3 hours. After that I begin to get the shakes.
Looking forward to reading your thread.....
I admire your patience and performance. 2 to 3 days between trades? LOL, I can typically go 2 to 3 hours. After that I begin to get the shakes.
Looking forward to reading your thread.....
Nice, you're smart AND hot. Can you post a pic?
Quote from Trading4Living:
SWhiting, thanks I don't trade every day because I prefer to capture trending moves and as you know they don't happen every day. I prefer 1 big trade than few smaller ones ;-)
bunds, Nah I think I am too hot for you
Thanks, I will post my trades, entry and exit prices as I trade.
I learned that keepin it safe and earn consistent profits every week is much better than trading every day and risk my profits.
at least I feel better and less stressed this way ;-)